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Piper Jaffray Raises PT On athenahealth To $68
Friday, July 22, 2011 - 5:23am | 26Piper Jaffray has raised the price target on athenahealth (NASDAQ: ATHN) from $49 to $68 and maintains its Overweight rating.
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Running of the Bulls 07-21-2011
Thursday, July 21, 2011 - 6:18pm | 886Cusick's Corner Major markets continue to be in full bull mode while the debt talks continue. The Volatility Index (VIX) is down to 17.56 (see Index Trading) because the latest earnings-reporting season has been mostly upbeat. Merger mania is on -- pharmacy benefits management company Express...
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After Hours Earnings Movers
Thursday, July 21, 2011 - 3:53pm | 113A number of companies reported earnings on Thursday after the closing bell. Here is a look at the biggest movers. Cepheid (NASDAQ: CPHD) +9.07% to $34.50 Athenahealth (NASDAQ: ATHN) +9.10% to $53.00 Ruby Tuesday (NYSE: RT) -8.60% to $10.10 Acme Packet (NASDAQ: APKT) -8.09% to $55.25 C.R. Bard...
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athenahealth to Acquire Proxsys, LLC for $28M
Thursday, July 21, 2011 - 3:01pm | 177athenahealth, Inc. (NASDAQ: ATHN) announced today that it has signed a definitive agreement to acquire Proxsys, LLC, a leading provider of cloud-based care coordination services between physicians and hospitals. This acquisition accelerates the development of athenahealth's emerging care...
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Morning Market Movers
Thursday, July 21, 2011 - 8:51am | 129Sino-Global Shipping America Ltd (NASDAQ: SINO) shares gained 53.05% to $6.78 at 9:45 am. SINO reached a Strategic Cooperation Agreement with COSCO Container Shipping Agency. SFN Group Inc (NYSE: SFN) climbed 51.74% to $13.99. Randstad Holding announced its plans to buy SFN for around $710 million...
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Doug Kass Shorting Express Scripts
Thursday, July 21, 2011 - 8:04am | 51Doug Kass tweeted that he is shorting Express Scripts (NASDAQ: ESRX) at $57.90 in pre-market on back of the news it is acquiring Medco Health Solutions (NYSE: MHS).
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Medco Health Solutions up 20% Pre-Market on Acquisition by Express Scripts
Thursday, July 21, 2011 - 7:52am | 74Medco Health Solutions (NYSE: MHS) is up 20% pre-market on the acquisition by Express Scripts (NASDAQ: ESRX). Under the agreement, Medco stockholders will receive $71.36 per share, or more than a 20% premium to Wednesday's closing price of $55.78. Investors will receive $28.80 in cash and 0.81...
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Benzinga's Top Pre-Market Gainers
Thursday, July 21, 2011 - 7:08am | 150Medco Health Solutions Inc (NYSE: MHS) shares advanced 18.64% to $66.18 in the pre-market session. MHS reported its quarterly net income at $342.8 million. Express Scripts Inc (NASDAQ: ESRX) announced its plans to acquire Medco for $71.36 per share in cash and stock, or $29.1 billion. Morgan...
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News Summary for July 20, 2011
Thursday, July 21, 2011 - 6:53am | 701This is your Benzinga news summary and traders' outlook for Thursday, July 21, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly lower as traders wait for several blue-chip companies to report...
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UPDATE: Medco Reports Q2 Net Income of $342.8M
Thursday, July 21, 2011 - 5:52am | 120Medco Health Solutions Inc (NYSE: MHS) released its results for the second quarter on Thursday. MHS reported its quarterly net income at $342.8 million, or $0.85 per share, down from $356.9 million, or $0.77 per share, in the year-earlier period. Its total sales increased 4% y/y to $17.07 billion...
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Jefferies PT Changes For 7/21, Part 2
Thursday, July 21, 2011 - 5:41am | 191Jefferies & Company has changed the price target on the following companies: Hansen Natural Corp. (NASDAQ: HANS) Buy, PT from $85.00 to $90.00 Mattel, Inc. (NASDAQ: MAT) Buy, PT from $31.00 to $33.00 Nalco Holding (NYSE: NLC) Hold, PT from $30.00 to $38.80 Northern Trust (NASDAQ: NTRS) Hold...
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Pharmacy Benefit Manager Express Scripts to Buy Medco for Staggering $29.1 Billion
Thursday, July 21, 2011 - 5:32am | 255Pharmacy benefit management company Express Scripts (NASDAQ: ESRX) has agreed to buy competitor Medco Health Solutions (NYSE: MHS) for $29.1 billion, making it one of the largest M&A deals of the year. Under the agreement, Medco stockholders will receive $71.36 per share, or more than a 20%...
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US Stock Futures Down As Investors Await Earnings Reports
Thursday, July 21, 2011 - 5:28am | 608US stock futures are lower this morning, as investors are awaiting earnings reports. Futures on the Dow Jones Industrial Average dipped 25 points to 12,482.00 and futures on the S&P 500 stock index fell 3.90 points to 1,317.40. Nasdaq 100 futures dropped 10.25 points to 2,371.50. US stocks...
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Earnings Scheduled For July 21
Thursday, July 21, 2011 - 2:30am | 479Advanced Micro Devices Inc (NYSE: AMD) is expected to report its Q2 EPS at $0.08 on revenue of $1.58 billion. Pepsico Inc (NYSE: PEP) is projected to report its Q2 EPS at $1.21 on revenue of $16.41 billion. Eli Lilly and Company (NYSE: LLY) is projected to report its Q2 EPS at $1.17 on revenue...
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UPDATE: Quest Diagnostics Reports 16% Decline In Q2 Earnings
Wednesday, July 20, 2011 - 6:54am | 72Quest Diagnostics Inc (NYSE: DGX) reported a 16% drop in its Q2 earnings. Quest reported its quarterly profit at $163.1 million, or $1.02 per share, versus $194.7 million, or $1.07 per share, in the year-earlier quarter. Excluding acquisition-related expenses, Quest's earnings came in at $1.12...